October 6, 2008
LiveDeal Announces The Appointment of Mike Edelhart As Chief Executive Officer
LiveDeal, Inc. (NASDAQ:LIVE), the company that combines an owned classified platform with an Internet Yellow Pages directory and best of breed customer acquisition services for small businesses announced today that it has appointed Mike Edelhart as Chief Executive Officer (CEO). For three months, Mr. Edelhart was interim-CEO.
"Over the past three months Mike has brought stability, enthusiasm and a clear vision to the Company," said Rajesh Navar, Founder and Chairman of the Board. "The Board looks forward to working with Mike to execute the LiveDeal's plan to grow profits and increase shareholder value.""Local is one of the great opportunity spaces on the Internet, and LiveDeal is superbly positioned to grow in that space," said Mike Edelhart, Chief Executive Officer. "I appreciate the Board's confidence in me and look forward to helping the company achieve its potential as the best possible partner for small businesses customer acquisition over the Internet."
About Michael Edelhart
Michael Edelhart, brings to LiveDeal an extensive resume as a long-standing media and Internet start-up investor and executive. Mike is an advisor to Infovell, Inc., which has developed revolutionary technology for high end search, after serving as the company's initial CEO. He is chairman of the board of Olive Software, a Sequoia backed XML software developer, where he earlier was CEO. He is also a member of the Board of Directors of Good Health Ad Network and is an Advisor to Aggregate Knowledge, SmaSh Technology and Intridea. Mike also founded First30 Services, a new company-creation consultancy.
Previously, Mike was CEO of Inman News, the leading provider of information, analysis and events to the residential real estate community, and Zinio Systems, which produces and distributes magazines in digital form. Mike joined Zinio from Redleaf Group, an early stage investment company where he was Sr. Director of the San Francisco office. Prior to Redleaf, he was founder and CEO of Intagio (formerly "BarterTrust"), an, international clicks-and-mortar non-cash exchange network.
Mike was President and CEO of Third Age Media and a Vice-president at SoftBank, where he directed content for the Seybold, Interop and Comdex conferences and launched new businesses in online education, conferences and consulting. Prior to SoftBank, Mike spent thirteen years at Ziff Davis in a variety of executive and editorial positions. He was the original Executive Editor of PC Magazine, Editor-in-Chief of PC Week and Editor/Publisher of PC/Computing. Mike has served as an Internet strategies consultant to Bloomberg, Reuters, AARP and other major media and Internet companies. Mike, the author of more than 25 books on subjects ranging from Intel processors to the social history of Virginia and earth sheltered housing design, earned a Bachelor of Science degree in journalism from the University of Northern Colorado
About LiveDeal, Inc.
LiveDeal, Inc. is a leader in the local online classifieds and Yellow Pages marketplace with millions of goods and services listed for sale in every city and zip code across the U.S. Through its online properties, www.livedeal.com and www.yp.com, LiveDeal offers businesses and consumers a simple and affordable way of creating a web presence and marketing their products and services to local audiences. Buyers and sellers come together through LiveDeal's vast local marketplaces to find and list business services, merchandise, real estate, automobiles and pets. LiveDeal also provides local online marketing solutions for small- and medium-sized businesses. LiveDeal seeks to deliver local search engine marketing (SEM) through its LiveAdvisor(TM) and LiveClicks(TM) products that combine best-of-breed technology with a strong partnership model and an inside sales team to create an efficient platform local businesses need to create and optimize their Internet search advertising campaigns. LiveDeal allows business to extend their marketing reach their relevant customers on the internet through partnerships with Google, Yahoo!, Miva, Looksmart, Superpages.com and others. LiveDeal, Inc. is headquartered in Las Vegas, Nevada. For more information, please visit www.livedeal.com.